Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

SocGen Recommends Selling May Raw Sugar, Buying July Contract

Investors should sell raw sugar for May delivery and buy the July contract, Societe Generale SA said in a report.

The May contract is trading at a 1.7 percent premium to July, a market structure known as backwardation that indicates investor concern about supplies in the earlier month. The premium may switch to a discount as supply improves, Michael Haigh, the bank’s global head of commodities research based in New York, wrote in the report yesterday.

“With the global balance expected to be in surplus in the 2011-12 marketing year, we see a downward bias to prices in the coming year, as fears of a shortage are abated, continuing to move spreads towards contango,” he wrote.

The bank forecast a 2012 raw sugar price of 23.1 cents a pound. Raw sugar for March delivery was trading at 24.13 cents as of 5:23 a.m. on ICE Futures U.S. in New York.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.